10—Amendment of section 38—Principles to be taken into account
(1) Section 38(1)—delete paragraph (g) and substitute:
(g) the pricing principles—
(i) relating to the fixing of floor and ceiling prices specified in section 27; and
(ii) relating to the price of access to a railway service specified in subsection (2); and
(2) Section 38(1)—after paragraph (m) insert:
and
(n) other matters the arbitrator considers appropriate.
(3) Section 38(2)—delete subsection (2) and substitute:
(2) The pricing principles relating to the price of access to a railway service are as follows:
(a) that access prices should allow multi-part pricing and price discrimination when it aids efficiency;
(b) that access prices should not allow a vertically integrated operator to set terms and conditions that would discriminate in favour of its downstream operations, except to the extent that the cost of providing access to others would be higher;
(c) that access prices should provide incentives to reduce costs or otherwise improve productivity.